Inspire Tactical Balanced ETF (NYSEARCA:RISN) Sees Significant Decline in Short Interest

Inspire Tactical Balanced ETF (NYSEARCA:RISN) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 413 shares, a decrease of 80.4% from the December 15th total of 2,105 shares. Based on an average daily volume of 7,141 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 7,141 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Inspire Tactical Balanced ETF stock. Nations Financial Group Inc. IA ADV acquired a new stake in shares of Inspire Tactical Balanced ETF (NYSEARCA:RISN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 31,271 shares of the company’s stock, valued at approximately $932,000. Nations Financial Group Inc. IA ADV owned approximately 1.01% of Inspire Tactical Balanced ETF at the end of the most recent reporting period.

Inspire Tactical Balanced ETF Trading Down 0.2%

Shares of NYSEARCA:RISN traded down $0.08 during trading on Tuesday, hitting $30.11. 6,427 shares of the company were exchanged, compared to its average volume of 27,254. The stock has a market cap of $89.41 million, a price-to-earnings ratio of 18.72 and a beta of 0.54. Inspire Tactical Balanced ETF has a fifty-two week low of $23.55 and a fifty-two week high of $31.18. The firm has a fifty day moving average price of $29.37 and a two-hundred day moving average price of $28.96.

Inspire Tactical Balanced ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 17th were issued a dividend of $0.073 per share. The ex-dividend date was Wednesday, December 17th. This represents a $0.29 dividend on an annualized basis and a yield of 1.0%.

About Inspire Tactical Balanced ETF

The Inspire Tactical Large Cap ESG ETF (RISN) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed fund that tactically shift exposure between US equities and treasurys, or other defensive assets, that are screened for biblically-aligned criteria as defined by the Issuer. RISN was launched on Jul 15, 2020 and is managed by Inspire.